pbb Deutsche Pfandbriefbank has provided a €170 mln loan to Düsseldorf-based LEG NRW to refinance a portfolio of 121 properties.
pbb Deutsche Pfandbriefbank has provided a €170 mln loan to Düsseldorf-based LEG NRW to refinance a portfolio of 121 properties.
The transaction was completed in December 2012. The properties comprise some 5,300 residential units and are spread throughout the entire Federal State of North-Rhine Westphalia (NRW).
pbb Deutsche Pfandbriefbank and the LEG Group have a long-standing business relationship. Most recently, in June 2011, the German lender refinanced a portfolio with 51 properties and 8,100 apartments with a €218 mln loan to the group.
